on Wednesday clarified that “someone” would have to pay in the longer run for a sustainable funding model for the NPCI-led ...

Smart Payment Solutions, a regulated entity under the Reserve Bank of India (RBI), today announced the launch of Mony, a next ...

The UPI system is currently free for users --- with the cost for maintaining the payment infrastructure behind the service ...

RBI Governor Sanjay Malhotra suggests UPI may not remain free, discussing MDR and who bears transaction costs. Details on ...

The RBI has clarified that while UPI is not technically free, users won’t be charged for now. As banks begin levying fees on ...

Governor Sanjay Malhotra on Wednesday said that the Unified Payments Interface (UPI) may not remain free forever, as the cost ...

These figures, shared by the National Payments Corporation of India (NPCI), show how the use of this platform has increased ...

While UPI remains free for most users right now, that could change in the future. If banks or platforms start charging businesses or apps, it could eventually lead to some costs being passed to the ...

India’s digital payment revolution reached a new peak on August 2, 2025, as the Unified Payments Interface (UPI) clocked over ...

Kotak Mahindra Bank Reacts to Viral Claim of Noida Man Receiving Rs1 Septillion Balance; Urges Net Banking Use ...

RBI Governor Sanjay Malhotra clarified, "I never said UPI cannot be free forever. The question, I believe, was whether ...

India uses UPI for instant digital payments, but other countries have their own systems like WeChat Pay in China, Venmo in the US, Swish in Sweden, M-Pesa in Kenya, and PromptPay in Thailand ...